Honolulu 4th least affordable housing market in 2008 report
The 4th Annual Demographia International Housing Affordability Survey by Wendell Cox and Hugh Pavletich ranks Honolulu the 4th least affordable housing market in survey of (227) markets in the United States, Canada, Ireland, United Kingdom, Australia and New Zealand. Click here for the report. Only San Francisco, Salinas and Los Angeles in California were rated less affordable.
Last year in the same report, Honolulu was ranked 3rd least affordable, behind San Diego and Los Angeles. Honolulu’s affordability rating was the same both years, 10.3. This translates to a median single-family home price 10.3 times the median household income, using third quarter data. Click here to see last year’s report.